But this is good. The lower the dollar, the less we're getting screwed by undervaluation in the Asian currency market. Besides, the Brits deserve a break. When they can buy a video iPod for £80 it will make up for the humiliation they've suffered in the last sixty years or so.
Inflation is supposed to be a negative for the stock market. Witness the 1970s, when we had increasing inflation and a lower stock market, which is why everyone fled to money markets paying 14%. The stock market corresponds mostly to GDP growth, not CPI growth.
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But this is good. The lower the dollar, the less we're getting screwed by undervaluation in the Asian currency market. Besides, the Brits deserve a break. When they can buy a video iPod for £80 it will make up for the humiliation they've suffered in the last sixty years or so.
¡Viva la inflación!
Inflation is supposed to be a negative for the stock market. Witness the 1970s, when we had increasing inflation and a lower stock market, which is why everyone fled to money markets paying 14%. The stock market corresponds mostly to GDP growth, not CPI growth.
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